RIEDEL RESOURCES LIMITED — Capital/Financing Update 2020

Dec 3, 2020

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RIEDEL RESOURCES LIMITED

ACN 143 042 022

Supplementary Prospectus

IMPORTANT INFORMATION

This is a supplementary prospectus (“ Supplementary Prospectus ”) intended to be read with the cleansing prospectus dated 27 November 2020 (“ Prospectus ”), issued by Riedel Resources Limited (ACN 143 042 022) (“ Company ”) in respect of the offer of 18,181 Shares at an issue price of $0.0055 to raise $100 (“ Offer ”)

This Supplementary Prospectus is dated 4 December 2020 and was lodged with ASIC on that date. Neither ASIC nor ASX take any responsibility as to the contents of this Supplementary Prospectus.

This Supplementary Prospectus should be read together with the Prospectus. Other than the changes set out in this Supplementary Prospectus, all other details in relation to the Prospectus remain unchanged. To the extent of any inconsistency between this Supplementary Prospectus and the Prospectus, the provisions of this Supplementary Prospectus will prevail. Unless otherwise indicated, terms defined and used in the Prospectus have the same meaning in this Supplementary Prospectus.

The Company has issued a printed and electronic version of this Supplementary Prospectus and the Prospectus. Any person may obtain an electronic or hard copy of this Supplementary Prospectus and the Prospectus free of charge by downloading it from the Company’s website at www.riedelresources.com.au or by contacting the secretary of the Company, Mr Grant Mooney, by telephone on (+61 8) 9226 0130.

This Supplementary Prospectus and the Prospectus are important documents that should be read in their entirety. If you are in any doubt as to the contents of this Supplementary Prospectus or the Prospectus, you should consult your stockbroker, lawyer, accountant or other professional adviser without delay.

1. BACKGROUND

1.1 Reasons for this Supplementary Prospectus

The Company has prepared this Supplementary Prospectus to extend the Closing Date of the Offer to 5:00pm (AWST) on 11 December 2020 to, among other things, allow the Company sufficient time to issue and allot certain Equity Securities that the Company obtained Shareholder approval to issue at its Annual General Meeting convened on 30 November 2020.

This is a Supplementary Prospectus intended to be read with the Prospectus dated 27 November 2020 issued by Riedel Resources Limited.

2. APPLICATIONS

The Directors believe that the changes in this Supplementary Prospectus are not materially adverse from the point of view of an investor. Accordingly, no action needs to be taken if you have already subscribed for Shares under the Prospectus. If you now wish to apply for Shares, or apply for more Shares, you should use the accompanying Supplementary Application Form.

3. AMENDMENTS TO THE PROSPECTUS

3.1

Extension of the Closing Date

The timetable in the ‘Details of the Offer’ section on page 5 of the Prospectus and all references to each corresponding date throughout the Prospectus are replaced with the following.

Important dates
Lodgement of the Prospectus with ASIC and ASX	27 November 2020
Opening Date	27 November 2020
General Meeting	30 November 2020
Closing Date	11 December 2020

Note:

All dates (other than the date of lodgement of the Prospectus with ASX and ASIC) are indicative only. The Company reserves the right, subject to the Corporations Act, the ASX Listing Rules and other applicable laws, to vary the dates of the Offer, including extending the Closing Date or accepting late acceptances, either generally or in particular cases, without notice.

The definition of ‘Closing Date’ in Section 6 Definitions of the Prospectus is replaced with the following.

Closing Date means the date that the Offer close which is 5.00pm (AWST) on 11 December 2020 or such other time and date as the Company determines.

4. CONSENTS

Price Sierakowski Corporate has given, and not before lodgement of this Supplementary Prospectus withdrawn its consent to the amendments to the Prospectus in the form and context in which they are included. Price Sierakowski Corporate has not authorised or caused the issue of this Supplementary Prospectus and takes no responsibility for any part of this Supplementary Prospectus other than to the amendments to the Prospectus.

5. DIRECTORS’ AUTHORISATION

This Supplementary Prospectus is issued by the Company and its issue has been authorised by a resolution of the Directors. The Directors believe that the Prospectus when read together with this Supplementary Prospectus contains all the information that would be required by sections 710 and 711 of the Corporations Act and does not contain any material statement that is misleading or deceptive. In accordance with section 720 of the Corporations Act, each Director has consented to the lodgement of this Supplementary Prospectus with ASIC and has not withdrawn that consent prior to lodgement.

Signed for and on behalf of the Company on 4 December 2020.

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Grant Mooney Chairman Riedel Resources Limited

This is a Supplementary Prospectus intended to be read with the Prospectus dated 27 November 2020 issued by Riedel Resources Limited.

Supplementary Acceptance Form

SUPPLEMENTARY ACCEPTANCE FORM AND INSTRUCTIONS Riedel Resources Limited ACN 143 042 022

Share Registrars Use Only

Please read all instructions on the reverse of this form

• A Number of Shares applied for (Maximum of 18,181 Shares)

at $0.0055 per Share A$100.00

Broker reference – Stamp only Broker Code Adviser Code

You may be allocated all of the Shares above or a lesser number

• B Total amount payable by cheque(s) for Shares

• C Full name details, title, given name(s) (no initials) and surname or Company name

D Tax File Number(s) Or exemption category

Name of applicant 1

Name of applicant 2 or

Name of applicant 3 or

E Write Your Full Postal Address Here

Number/Street

F Contact Details Contact Name

Suburb/Town

Contact telephone number ( ) State/postcode

G Chess HIN (if applicable) H Cheque payment details please fill out your cheque details and make your cheque is payable to “Riedel Resources Limited” Drawer Cheque Number BSB Number Account Number Total amount of cheque $

• I You should read the Prospectus dated 27 November 2020 and the Supplementary Prospectus dated 4 December 2020 carefully before completing this Supplementary Acceptance Form. The Corporations Act prohibits any person from passing on this Supplementary Acceptance Form (whether in paper or electronic form) unless it is attached to or accompanies a complete and unaltered copy of the Prospectus and the Supplementary Prospectus (whether in paper or electronic form).

• I/We declare that:

• (a) I/we agree to the terms and conditions of the Prospectus dated 27 November 2020 and the Supplementary Prospectus dated 4 December 2020 and I/we are eligible to apply for Shares under the Prospectus dated 27 November 2020 and the Supplementary Prospectus dated 4 December 2020 having regard to all applicable securities laws;

• (b) this Supplementary Acceptance Form is completed according to the declaration/appropriate statements on the reverse of this form and I/we agree to be bound by the constitution of Riedel Resources Limited; and

• (c) I/we have received personally a copy of the Prospectus or the Supplementary Prospectus accompanied by or attached to this Supplementary Acceptance Form or a copy of this Supplementary Acceptance Form or a direct derivative of this Supplementary Acceptance Form, before applying for Shares.

Return of this Supplementary Acceptance Form with your cheque for the Application Monies will constitute your offer to subscribe for Shares in the Company under the Offer. Please note that the Company will not accept electronic lodgement of Supplementary Acceptance Forms or electronic funds transfer.

Guide to the Supplementary Acceptance Form

This Supplementary Acceptance Form relates to the offer of Shares in Riedel Resources Limited pursuant to the Prospectus dated 27 November 2020 and the Supplementary Prospectus dated 4 December 2020. The expiry date of the Prospectus is the date which is thirteen (13) months after the date of the Supplementary Prospectus. The Prospectus and the Supplementary Prospectus contain information about investing in the Shares of Riedel Resources Limited and it is advisable to read this document before applying for Shares. A person who gives another person access to this Supplementary Acceptance Form must at the same time and by the same means give the other person access to the Prospectus and the Supplementary Prospectus, and a Supplementary Acceptance Form on request and without charge.

Please complete all relevant sections of the Supplementary Acceptance Form using BLOCK LETTERS. These instructions are cross referenced to each section of the Supplementary Acceptance Form. Further particulars in the correct forms of resistible titles to use on the Supplementary Acceptance Form are contained in the table below.

• A Insert the number of Shares you wish to apply for. The application must be for 18,181 Shares.

• B Insert the relevant account Application Monies. To calculate your Application Monies, add the number of Shares applied for multiplied by $0.0055.

• C Write the full name you wish to appear on the statement of shareholdings. This must be either your own name or the name of a company. Up to three joint applicants may register. You should refer to the table below for the correct forms of registrable title. Applicants using the wrong form of title may be rejected. Clearing House Electronic Sub-Register System (CHESS) participants should complete their name and address in the same format as that presently registered in the CHESS system.

• D Enter your Tax File Number (TFN) or exemption category. Where applicable please enter the TFN for each joint applicant. Collection of TFNs is authorised by taxation laws. Quotation for your TFN is not compulsory and will not affect your application.

• E Please enter your postal address for all correspondence. All communications to you from the Shares Registry will be mailed to the person(s) and address as shown. For Joint applicants, only one address can be entered.

• F Please enter your telephone number(s), area code, email address and contact name in case we need to contact you in relation to your application.

G Riedel Resources Limited will apply to the ASX to participate in CHESS, operated by ASX Settlement Pty Ltd, a wholly owned subsidiary of ASX Limited. In CHESS, the Company will operate an electronic CHESS subregister of securities holdings and an electronic issuer sponsored subregister of securities holdings. Together the two subregisters will make up the Company’s principal register of securities. The Company will not be issuing certificates to applicants in respect of securities issued.

If you are CHESS participant (or are sponsored by a CHESS participant) and you wish to hold securities issued to you under this Supplementary Acceptance Form in uncertified form on the CHESS subregister, complete section G or forward your Supplementary Acceptance Form to your sponsoring participant for completion of this section prior to lodgement. Otherwise, leave section G blank and on issue, you will be sponsored by the Company and an SRN will be allocated to you. For Further information refer to the relevant section of the Prospectus and Supplementary Prospectus.

• H Please complete cheque details as requested.

Make your cheque payable to “Riedel Resources Limited” in Australian currency and cross it “Not Negotiable”. Your cheque must be drawn on an Australian Bank, and the amount should agree with the amount shown in section B.

Sufficient cleared funds should be held in your account, as cheques returned unpaid are likely to result in your Supplementary Acceptance Form being rejected.

I Before completing the Supplementary Acceptance Form the applicant(s) should read the Prospectus and the Supplementary Prospectus to which the Supplementary Acceptance Form relates. By lodging the Supplementary Acceptance Form, the applicant(s) agrees that this Supplementary Acceptance Form is for shares in Riedel Resources Limited upon and subject to the terms of the Prospectus and the Supplementary Prospectus, and agrees to take any number of Shares equal to or less than the number of Shares indicated in section A that may be issued to the applicant(s) pursuant to the Prospectus and Supplementary Prospectus and declares that all details and statements made are complete and accurate. It is not necessary to sign the Supplementary Acceptance Form.

Lodgement of Supplementary Acceptance Forms: Return your completed Supplementary Acceptance Form with cheque(s) attached to:

	Delivered to:Riedel Resources LimitedSuite 4, 6 Richardson StreetWest Perth WA 6005	Posted to:Riedel Resources LimitedSuite 4, 6 Richardson StreetWest Perth WA 6005

Supplementary Acceptance Forms must be received no later than 5.00pm (AWST) on Wednesday, 9 December 2020 which may be changed immediately after the Opening Date at any time at the discretion of the Company.

Correct form of Registrable Title

Note that only legal entities are allowed to hold Shares. Applications must be in the name(s) of a natural person(s), companies or other legal entities acceptable to Riedel Resources Limited. At least one full given name and the surname are required for each natural person. The name of the beneficiary or any other non-registrable title may be included by way of an account designation if completed exactly as described in the example of correct forms of registrable title below:

Type of Investor	Correct form of Registrable Title	IncorrectformRegistrable Title	of
Individual - Use Names in full,no initials	Mr John Alfred Smith	JA Smith
Minor ( a person under the age of 18)Use the name of a responsible adult, do not use the name of a minor.	John Alfred Smith	Peter Smith
Company - Use Company title, not abbreviations	ABC Pty Ltd	ABC P/LABC Co
Trusts - Use trustee(s) personal name(s), do not use the name of the trust	Mrs Sue Smith<Sue Smith Family A/C>	Sue Smith Family Trust
Deceased Estates - Use executor(s) person name(s), do not use the name of thedeceased	Ms Jane Smith<Est John Smith A/C>	Estate of Late John Smith
Partnerships - Use partners personal names, do not use the name of thepartnership	Mr John Smith & Mr Michael Smith<John Smith and Son A/C>	John Smith and Son